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Microsoft Office Arrives for iPhone

Now available in App Store.

Better late than never! Starting today, Microsoft is now offering Office Mobile for iPhone users. It will be free for Office 365 subscribers. The move was a long time coming, as rumors have swirled since 2010 about bringing Office products to mobile Apple products. With the move, Microsoft Office goes from having a limited impact in the mobile market to having a potentially massive one.

Read it at CNET

BUBBLE

S.F. Parking Spot Sells for $82K

Ben Margot

Near Giants baseball stadium.

Single-room space with no views? It doesn’t matter how bad a deal it is, it’s bound to fetch a high price in real-estate-cramped San Francisco. The excesses just keep mounting: an 8-by-12-foot parking space in an enclosed garage near the stadium where the baseball Giants play sold this week for $82,000, after just two weeks on the market. The real-estate agent said he sold a spot in the same building for $95,000 during the last housing boom. San Francisco’s real-estate prices have skyrocketed 22 percent from last year, according to the last measurement in March.

Read it at The Associated Press

Freedom

Gene Tests Likely to Spread

Zi xin/AP

After Supreme Court ruling against patents.

Immediately after the Supreme Court’s ruling Thursday against the patenting of genes, several laboratories said they would begin genetic testing for breast cancer, an early sign of the likelihood that the tests will become more widely available and affordable. “It levels the playing field; we can all go out and compete,” the head of one testing company said. The ruling broke a nearly two-decade monopoly by Myriad Genetics on testing for mutations of the BRCA genes that indicate breast cancer. It will not, however, have much effect on the pharmaceutical or genetically engineered agriculture industries, both of which more often use synthetic DNA that is not covered by the decision.

Read it at The New York Times

Exit Plan?

Is Sandberg Leaning Out?

Yonhap/EPA, via Landov

Facebook's rock star chief operating officer Sheryl Sandberg insists that she's not leaving the social network. But status updates are prone to change, writes Daniel Gross.

About 66 minutes into Facebook’s annual shareholder meeting earlier this week, a stockowner stood up and posed a question to Sheryl Sandberg, the company’s long-serving chief operating officer who this spring penned a best-selling book, Lean In, and then created a nonprofit group, Leanin.org to promote women in the workplace. “You wrote a great book in the last year, spent a lot of time promoting it, traveling around. I’m sure it did a lot of positive things for Facebook’s ability to attract people.

Nerds Rejoice!

Anamanaguchi Wins the Internet

Courtesy of Anamanaguchi

Jean Trinh attends Anamanaguchi’s live show and talks with a band member on the heels of their ‘Endless Fantasy’ album release, a wildly successful Kickstarter campaign, and more.

Anamanaguchi is moving on up. It’s been three years since the eight-bit electronic outfit last put out an album—the nostalgic Nintendo-laced tracks of the videogame soundtrack for 2010’s Scott Pilgrim vs. the World: The Game. Since their successful Kickstarter campaign, the quartet released their much-anticipated sophomore studio album, Endless Fantasy, in May (on their own label, Dream.hax); toured across the U.S. in sold-out shows; partied with behavior analysts; and sent pizza into space (really).

HILSENRALLY

Dow Closes Up Big

On economic data and Fed news.

Despite some global markets struggling (Japan) the Dow Jones Industrial Average closed up 180 points to finish the day above the 15,000 threshold. Better-than-expected retail and jobs numbers provided some of the push for the market. However, investors really jumped with the arrival of Jon Hilsenrath’s Wall Street Journal piece announcing the Fed is pushing back against market expectations of a rate increase.

Read it at Reuters

Bad Teeth, Broken Dreams: Lack of Dental Care Keeps Many Out of Jobs

John Moore/Getty

One of the biggest factors in breaking out of a jobless streak could be … your teeth? CNBC reports that bad dental care may be keeping people in unemployment lines.

by JoNel Aleccia With five broken teeth, three cavities and a painful gum abscess spreading to her sinuses, Patty Kennedy knew she had to get in line early for a free dental clinic held last month in San Jose, Calif.The 53-year-old woman from Modesto, nearly 100 miles away, was counting on the care to repair not only her smile and her worsening health, but also her chances of getting a job."I'd love to work at a grocery store as a cashier.

OUCH!

Chart of the Day

Yoshikazu Tsuno/AFP/Getty

Japan’s stock market was on an impressive yearlong tear. But starting a few weeks ago, everything went horribly wrong.

The violent vicissitudes of the market have been front and center lately with the head-turning rise and fall of Japan’s Nikkei 225 index.With Japan in decades-long doldrums, recently elected Prime Minister Shinzo Abe outlined a bold monetary policy plan that triggered massive cheering from the likes of economists Paul Krugman and Joseph Stiglitz and bets by the well-known investors Daniel Loeb and Stanley Druckenmiller. The new policies included an aggressive expansions of the money supply, a stated intent by Japan’s central bank to boost inflation, a weaker yen, and aggressive stimulus and reform efforts.

Messed Up Meme

MySpace Rallies for a Reboot With Ryan McGinley

MySpace has hired the famed indie photographer to direct a commercial celebrating its relaunch. But the campaign has more to do with being a hipster than the actual Internet itself.

Trying to accomplish what’s seemingly impossible, MySpace is gunning for a reboot—one that now boasts Justin Timberlake as minority owner. And as a ploy to lure back the millions of millennials (who in the last 10 years have decamped for Facebook’s less primitive pasture—one that now treads on privacy invasion), MySpace has tapped hipster poster boy and photographer Ryan McGinley to create a campaign celebrating its relaunch, which debuted on Tuesday.

It’s in the Genes

Mladen Antonov/AFP/Getty

The Supreme Court rules that you can’t hold a patent on natural DNA. What now?

This morning the Supreme Court handed down a big ruling in the biotech world: companies can patent synthetic DNA, but they cannot patent genes that they've identified from natural human chromosomes. This has big implications for how biotech research will fare in the future.  The case centers around Myriad, which has patents on BRCA1 and BRCA2, genes that are linked to a very high risk of breast cancer. This has been in the news a great deal recently because of Angelina Jolie’s decision to have a double mastectomy after testing revealed that she carried the BRCA1 variant.

Markets React to Fed Tapering

With news of potential Fed tapering, Julie Hyman joins In the Loop with Betty Liu on Bloomberg News to give analysis of market reaction.

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Business

Daniel Gross

Asymmetrical Information

Megan McArdle

Why Aren't We Creating Enough New Jobs?

Labor markets aren't adjusting to the disappearance of certain kinds of work

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Channing Tatum’s (Hilarious) Music Video

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